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Old 02-15-2020, 09:21 AM   #441
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I couldn't agree more. Speaking more generally, this reminds me of the way that some folk are fond of the saying, "Things happen for a reason". It can be a comforting thought when we're in the thick of things, but I don't quite agree with it. I think that often, things just happen, and 'WE' attempt to find the reason, or some kind of pattern in such events.


"WE' and the talking heads in the media, when they discuss market gains or losses. They usually include a cause for either direction in their story.
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Old 02-15-2020, 09:28 AM   #442
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I just shake my head, observe that I’m currently at my target AA, and go about my other business.
I know what you mean! Yesterday I was (once again!) at an all time high for portfolio plus bank accounts. Seems like so far in 2020 I have hit a new high almost every day the market is open. And it's not my investing acumen; it's the market. I just have broad index mutual funds for the most part.

You know that top of the line, expensive Lazy Boy recliner that I just bought in an effort to Blow That Dough? I could have bought more than a dozen recliners like that one just with the gains I saw in my portfolio during the past two weeks. Which is not even a brag; probably others here had even larger gains since my AA is very conservative. Being a "buy and hold" fan, as always I'll do nothing and watch this amazing portfolio growth with a big grin on my face.
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Old 02-15-2020, 09:43 AM   #443
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After W2R's post I am thinking of a new Poll thread which would be:

On a scale of 1 to 10 my degree of market euphoria is ...



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Old 02-15-2020, 09:45 AM   #444
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I know what you mean! Yesterday I was (once again!) at an all time high for portfolio plus bank accounts. Seems like so far in 2020 I have hit a new high almost every day the market is open. And it's not my investing acumen; it's the market. I just have broad index mutual funds for the most part.

You know that top of the line, expensive Lazy Boy recliner that I just bought in an effort to Blow That Dough? I could have bought more than a dozen recliners like that one just with the gains I saw in my portfolio during the past two weeks. Which is not even a brag; probably others here had even larger gains since my AA is very conservative. Being a "buy and hold" fan, as always I'll do nothing and watch this amazing portfolio growth with a big grin on my face.
I think you have circumvented your "Wh**" comment and gone way past it.
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Old 02-15-2020, 09:50 AM   #445
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I also think W2R didn’t notice at least 2 days recently in 2020 where her portfolio dropped.
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Old 02-15-2020, 09:52 AM   #446
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I know what you mean! Yesterday I was (once again!) at an all time high for portfolio plus bank accounts. Seems like so far in 2020 I have hit a new high almost every day the market is open.

Yes, it's been great! 45 days of 2020 and my gains are already more than our yearly living expenses, now, if the rest of the year can just cover the kids tuition. Almost all invested in VTSAX.
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Old 02-20-2020, 06:43 AM   #447
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I checked my accounts this morning and yesterday I hit another all time high. DJIA is off ~200 point from the high on 02/12/20 but still yesterday looks like the high for me.
Always interesting! Lol
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Old 02-20-2020, 06:56 AM   #448
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I checked my accounts this morning and yesterday I hit another all time high. DJIA is off ~200 point from the high on 02/12/20 but still yesterday looks like the high for me.
Always interesting! Lol

Tech stocks are going through the roof. NASDAQ has more tech stocks, and it keeps setting new high. The S&P also does, but to a lesser level. The Dow 30 does not have as much tech composition, hence it lags.

Buy, buy, buy! The more you buy, the more you win.
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Old 02-20-2020, 07:08 AM   #449
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I checked my accounts this morning and yesterday I hit another all time high. DJIA is off ~200 point from the high on 02/12/20 but still yesterday looks like the high for me.
Always interesting! Lol
Same here, for me. So far this year, my investable assets have appreciated more, in just a bit over a month and a half, than what my salary for the year is. Of course, that can go south really quickly. I was doing pretty well for awhile in January, but then had a bit of a smack-down at the end of the month. I was still up, but had dropped from the equivalent of maybe 9 months salary, to maybe 2 1/2 weeks.


I skimmed a bit of profit off yesterday, moving it from more aggressive accounts to more conservative. Not enough to do any real damage in the overall scheme of things, but it at least makes me feel like I'm doing "something".
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Old 02-20-2020, 07:19 AM   #450
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I skimmed a bit of profit off yesterday, moving it from more aggressive accounts to more conservative. Not enough to do any real damage in the overall scheme of things, but it at least makes me feel like I'm doing "something".
I have been tightening my belt, starting in December. Way early. Still have gains, but being the greedy guy that I am, I counted what I left on the table. Oh man!

When you feel greed coming up strong inside you, that's when you get yourself in trouble. Been through this so many times, but you still wonder if this time will be different. Up, up, and away...
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Old 02-20-2020, 07:34 AM   #451
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Selling another 1% today to rebalance to 60% stocks.
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Old 02-20-2020, 07:41 AM   #452
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And I just sit on my hands and buy/hold and never rebalance. Lol I seem to do better doing nothing.
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Old 02-20-2020, 07:47 AM   #453
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"Sometimes you win, sometimes you lose"

And the above applies whether you buy/hold, or trade.

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Old 02-20-2020, 07:54 AM   #454
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When you feel greed coming up strong inside you, that's when you get yourself in trouble. Been through this so many times, but you still wonder if this time will be different. Up, up, and away...

I think with me it's not greed, but perhaps a bit of that "deer in the headlights" paralysis. I've learned awhile back that when I try to anticipate the market, I often end up screwing myself, and often just buying and holding is the best thing to do.

Plus, with every new high I hit, I start getting used to it, and instead of feeling like I'm at some lofty goal, it just starts feeling "normal".


Back in October, I remember seeing this slightly used Impala at a local dealership, and thought about buying it. I was at a new high, then, and thought maybe I'll treat myself. But, the more I thought about it, I was like, do I really NEED it?

Since then though, I've seen enough appreciation that I could buy that Impala, pay off half the mortgage, and still be at that October 2019 level. But, then I start thinking, I don't really NEED a new(er) car. And even if I pay off half the mortgage, my monthly payment doesn't go down unless I refinance, that money could be better served working for me, etc.

I have a feeling that "Blow that Dough" is going to be a hard concept for me to follow when I do retire.
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Old 02-20-2020, 07:55 AM   #455
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NW-Bound >>> true! A gamble in what ever you do.
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Old 02-20-2020, 08:10 AM   #456
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I think with me it's not greed, but perhaps a bit of that "deer in the headlights" paralysis...
Well, maybe it's not greed for me either, but a desire to see that I can reasonably interpret what's going on in the world. Are dotcoms really going to own the world? Do home prices go up and up forever? Is the coronavirus going to hurt world economy really bad?

But the problem is that even if your prognostication proves correct in the end, getting gain from a maneuver requires the timing to be right. And that is awfully hard, hence buy/hold has merits.

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NW-Bound >>> true! A gamble in what ever you do.
People who are conservative say that being in the market is a gamble, even if a passive one where buy/hold indexing is simply piggyback on other traders who make the decision for you.

I think it's a good gamble, because historical results show that you are ahead with stocks. I certainly have been. But, but, but will it be different this time? That's the perennial question. Look at Japan, blah blah blah...

It makes life interesting.
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Old 02-20-2020, 08:34 AM   #457
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Tech stocks are going through the roof. NASDAQ has more tech stocks, and it keeps setting new high. The S&P also does, but to a lesser level. The Dow 30 does not have as much tech composition, hence it lags.

Buy, buy, buy! The more you buy, the more you win.
I would of thought that tech stocks would be hurting now with what is happening in China with the Coronavirus epidemic?? It must be boosting it up instead?
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Old 02-20-2020, 08:48 AM   #458
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I couldn't agree more. Speaking more generally, this reminds me of the way that some folk are fond of the saying, "Things happen for a reason". It can be a comforting thought when we're in the thick of things, but I don't quite agree with it. I think that often, things just happen, and we attempt to find the reason, or some kind of pattern in such events.

It might sound like a cynical way of looking at the world but, to me, it is realistic. I like to face situations upfront, as they present themselves, and make the best of them, regardless of the reason they happened.
I think that things happen for a reason, but, lacking omniscience, we humans don't always (or even frequently) know the reason. I admit, that sort of thinking does lead me to attempt to find the reason. Maybe it's more pragmatic (rather than realistic) to not look for the reason. But then, aren't we thrown back pretty much on the "higher power" theory that, well, something ELSE is at work and we might as well not try?

The exception - an enormous one - may be human behavior, which is of course what is being discussed here. Greed? Fear? Lust? Or Goodness? Mercy? Love?
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Old 02-20-2020, 08:53 AM   #459
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I would of thought that tech stocks would be hurting now with what is happening in China with the Coronavirus epidemic?? It must be boosting it up instead?
Apple (AAPL) did get smacked down a bit in late January, and it seemed like a bit of a big deal at the time, but I just looked it up, and it fell from maybe $320 to $308. In early Feb it bounced back to around $327, but then quickly got knocked back down to around $307. But I think it turns out the Coronavirus wasn't going to affect them as bad as they thought, so it recovered.

Amazon (AMZN) took off big time in late January, I think because it better than anticipated earnings. It was around $1870, but quickly shot over $2000, and is now around $2170

Facebook (FB) took a hit in late January, dropping from around $223 to maybe $202? I'm just eyeballing the chart, not looking at actual numbers. It's recovered pretty well,to around $218 as I'm typing this.

Google (GOOGL) got knocked from around $1480, down to maybe $1435, but now it's up around $1527.

Netflix (NFLX) seemed unfazed by the Coronavirus scare. There was no late-January drop. It entered February around $348/sh, and is now around $387.

Visa (V) took a slight drop, from maybe $207 to $198. But it's now around $213.

At least, those are the tech stocks I have individual shares of. I don't really think of Visa as a tech stock, but it is listed on NASDAQ, so I included it here.

One of the biggest losers I have is Las Vegas Sands (LVS), which does casinos and such. It was up around $74, but got kicked down to around $62 at the bottom, although it's around $68 now.

I also have some Shell (RDS.B) that took a whack. From around $62/sh down to around $50-51. But, I bought it long enough ago that I'm not really down that much. Plus, the second I sold it to try harvesting a tax loss, it would probably shoot back up
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Old 02-20-2020, 08:54 AM   #460
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I would of thought that tech stocks would be hurting now with what is happening in China with the Coronavirus epidemic?? It must be boosting it up instead?
I have been scratching my head over this. Surely, energy stocks have been hammered hard, because China's demand for oil is down. But why tech stocks are up? Why the market thinks tech stocks are impervious to the potential economic slow down as happening with oil?

Maybe investors have to put money somewhere, and they think tech is the safest place to be, or rather the ones hurt the least. I dunno.

If I knew, I would be so rich, I would be busy blowing dough, I would not have time to post here.
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